Cy Walker invests $20,000 of his personal savings into Mookie the Beagle Concierge. MTB Concierge needs to record the deposit using QBO. Required: Decord the Deposit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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f 10
!
Required information
2. View the Transaction Journal for the Deposit.
a. From the Navigation Bar, select Accounting
b. From the Chart of Accounts, select Checking > View Register > Deposit > Edit
c. From the bottom of the screen, select More > Transaction Journal
d. What are the Account and Amount Debited?
Note: Answer this question in the table shown below. Round your answer 2 decimal places.
e. What are the Account and Amount Credited?
Note: Answer this question in the table shown below. Round your answer 2 decimal places.
d. Debit
e. Credit
X Answer is not complete.
Account
Checking
Owner's Investment
✓
$
Amount
3,003.00 x
Transcribed Image Text:f 10 ! Required information 2. View the Transaction Journal for the Deposit. a. From the Navigation Bar, select Accounting b. From the Chart of Accounts, select Checking > View Register > Deposit > Edit c. From the bottom of the screen, select More > Transaction Journal d. What are the Account and Amount Debited? Note: Answer this question in the table shown below. Round your answer 2 decimal places. e. What are the Account and Amount Credited? Note: Answer this question in the table shown below. Round your answer 2 decimal places. d. Debit e. Credit X Answer is not complete. Account Checking Owner's Investment ✓ $ Amount 3,003.00 x
Cy Walker invests $20,000 of his personal savings into Mookie the Beagle Concierge. MTB Concierge needs to record the deposit
using QBO.
Required:
1. Record the Deposit.
a. Select (+) New icon > Bank Deposit
b. Select Account: 1001 Checking
c. Select Payment Date: 01/01/2023
d. In the Add Funds to This Deposit section, select Account: 3003 Owner's Investment
e. Select Payment Method: Check
f. Enter Reference Number: 5001
g. Enter Amount: 20000.00
h. What type of account is Owner's Investment?
i. Select Save and close
h. Type of account
Transcribed Image Text:Cy Walker invests $20,000 of his personal savings into Mookie the Beagle Concierge. MTB Concierge needs to record the deposit using QBO. Required: 1. Record the Deposit. a. Select (+) New icon > Bank Deposit b. Select Account: 1001 Checking c. Select Payment Date: 01/01/2023 d. In the Add Funds to This Deposit section, select Account: 3003 Owner's Investment e. Select Payment Method: Check f. Enter Reference Number: 5001 g. Enter Amount: 20000.00 h. What type of account is Owner's Investment? i. Select Save and close h. Type of account
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